Extract to table

(3) Oregon and California bulk-sale compliance requirements must be addressed prior to closing, although exemptions may be available, particularly with respect to Oregon's large-enterprise exemption under ORS 76

7701-3(b)(1)(ii), although this classification must be confirmed as discussed in Section II

Leasehold interests may have above-market or below-market value relative to current market rents, and this differential must be assessed in determining the fair market value for allocation purposes

No waiting period must be observed prior to closing

This list must be delivered at least ten (10) days before the date of the bulk transfer

Under this provision, a buyer purchasing a business or stock of goods is required to withhold a sufficient portion of the purchase price to cover any outstanding sales and use tax liability of the seller